Morgan Stanley is launching its first two new funds in India for the first time in 13 years, Reuters reports. Currently, it only runs one fund, the Morgan Stanley Growth Fund, which it launched in 1994. It was the first mutual fund offered in India by an overseas investment firm.

One of the new funds, the Morgan Stanley A.C.E. Fund, with invest in stocks, while the Morgan Stanley Liquid Fund, will invest in money market and debt instruments.

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